Portillo's Inc. $PTLO Shares Sold by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. has reduced its stake in Portillo's Inc. by 55.1%, selling 449,540 shares and now holding 366,942 shares valued at approximately $4.36 million.
• Several institutional investors have increased their positions, with Soros Capital Management boosting its holding by 486.8% and Ameriprise Financial increasing by 53.6%, amidst overall institutional ownership of 98.34%.
• Analysts have mixed outlooks for Portillo's, with price targets ranging from $7.00 to $19.00 and a consensus rating of "Moderate Buy," indicating potential for growth despite recent price adjustments.

Goldman Sachs Group Inc. lowered its stake in Portillo's Inc. (NASDAQ:PTLO - Free Report) by 55.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 366,942 shares of the company's stock after selling 449,540 shares during the period. Goldman Sachs Group Inc. owned approximately 0.49% of Portillo's worth $4,363,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Rhumbline Advisers grew its holdings in Portillo's by 2.2% during the first quarter. Rhumbline Advisers now owns 82,605 shares of the company's stock worth $982,000 after acquiring an additional 1,744 shares during the period. Woodline Partners LP grew its holdings in Portillo's by 98.2% during the first quarter. Woodline Partners LP now owns 752,473 shares of the company's stock worth $8,947,000 after acquiring an additional 372,801 shares during the period. Fred Alger Management LLC acquired a new position in Portillo's during the first quarter worth $17,489,000. Select Equity Group L.P. grew its holdings in Portillo's by 675.1% during the first quarter. Select Equity Group L.P. now owns 1,070,774 shares of the company's stock worth $12,732,000 after acquiring an additional 932,624 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Portillo's by 5.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,550 shares of the company's stock worth $387,000 after acquiring an additional 1,808 shares during the period. Institutional investors and hedge funds own 98.34% of the company's stock.

Portillo's Price Performance

PTLO traded down $0.01 during trading on Friday, reaching $6.34. 4,244,113 shares of the stock were exchanged, compared to its average volume of 3,479,207. The business's 50 day moving average price is $8.15 and its two-hundred day moving average price is $10.51. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.29 and a quick ratio of 0.23. The company has a market capitalization of $477.72 million, a price-to-earnings ratio of 14.09, a P/E/G ratio of 4.85 and a beta of 1.79. Portillo's Inc. has a 1 year low of $6.00 and a 1 year high of $15.78.

Portillo's (NASDAQ:PTLO - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.12 EPS for the quarter, hitting analysts' consensus estimates of $0.12. Portillo's had a return on equity of 6.25% and a net margin of 4.19%.The company had revenue of $188.46 million for the quarter, compared to the consensus estimate of $197.04 million. During the same period in the previous year, the business earned $0.10 earnings per share. Portillo's's quarterly revenue was up 3.6% compared to the same quarter last year. Portillo's has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Portillo's Inc. will post 0.35 earnings per share for the current year.

Insider Buying and Selling

In related news, General Counsel Kelly M. Kaiser acquired 27,000 shares of Portillo's stock in a transaction dated Thursday, August 7th. The shares were acquired at an average cost of $7.68 per share, for a total transaction of $207,360.00. Following the completion of the transaction, the general counsel directly owned 68,495 shares of the company's stock, valued at $526,041.60. The trade was a 65.07% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael Osanloo acquired 11,320 shares of Portillo's stock in a transaction dated Friday, August 8th. The stock was bought at an average price of $7.42 per share, for a total transaction of $83,994.40. Following the completion of the transaction, the chief executive officer directly owned 63,317 shares of the company's stock, valued at approximately $469,812.14. This represents a 21.77% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 210,570 shares of company stock valued at $1,614,474 over the last three months. Insiders own 6.14% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on PTLO shares. Bank of America dropped their price objective on Portillo's from $19.00 to $16.00 and set a "buy" rating on the stock in a report on Friday, July 18th. Stephens set a $10.00 price objective on Portillo's in a report on Wednesday, September 10th. UBS Group dropped their price objective on Portillo's from $9.00 to $7.50 and set a "neutral" rating on the stock in a report on Monday, September 15th. Morgan Stanley decreased their target price on Portillo's from $12.00 to $10.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 6th. Finally, Wall Street Zen downgraded Portillo's from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.19.

About Portillo's

Portillo's Inc owns and operates fast casual restaurants in the United States. The company offers Chicago-style hot dogs and sausages, Italian beef sandwiches, char-grilled burgers, chopped salads, crinkle-cut French fries, homemade chocolate cakes, and chocolate cake shake. It offers its products through its website, application, and certain third-party platforms.